COMMUNICATED: FoodChain ID Group, Inc. acquire Cosmocert S.A.

BOLOGNA, Italy, Oct.

COMMUNICATED: FoodChain ID Group, Inc. acquire Cosmocert S.A.

BOLOGNA, Italy, Oct. 17, 2022 /PRNewswire/ -- FoodChain ID Group, Inc., a leading provider of technology solutions for food safety, quality and sustainability for the food and agriculture industry, has acquired Cosmocert S.A., a leading certification and inspection company for organic products in Greece offering internationally and regionally recognized certification standards.

Located in Athens, Greece and founded in 2013, Cosmocert has rapidly grown to become one of the leading certification providers in Greece thanks to its intense focus on integrity, customer service and the use of technology. Cosmocert currently serves more than 7,500 clients by providing certification services, including EU Organic, GLOBALG.A.P., VLOG, ISO 22000 and other standards. Cosmocert will join Bioagricert as part of FoodChain ID's growing organic certification service within FoodChain ID's Europe and Asia Technical Services division.

"We are delighted to partner with the team at Cosmocert, one of the leading certification bodies in Greece. The addition of Cosmocert will enhance the scope of our certification services for customers in the food and agriculture sector in the increasingly important Mediterranean region" explained Dr. Chetan Parmar, FoodChain ID's Senior Vice President of Technical Services for Europe and Asia.

"The acquisition fits perfectly with the services and capabilities of FoodChain ID and Bioagricert," explained Alessandro Lombardi, CEO of Bioagricert. "By complementing Cosmocert's platform in Greece with Bioagricert's other capabilities in sustainability, certification and inspections, we will enhance Cosmocert's customer experience with expanded capabilities in IFS, BRCGS, USDA Organic and other standards."

"We are delighted to join a global leader like FoodChain ID in food safety and organic certification, further accelerating our already impressive growth," said Kostas Diamantopoulos, CEO of Cosmocert. "This will lead to an exciting next chapter for Cosmocert and is a monumental moment in our company's history. We are confident we have found the right partners and could not be more excited about what the future holds together with FoodChain ID and Bioagricert. "

With the EU organic market growing by 15.1%1, Bioagricert's organic certification services, now enhanced with more experience, staff and auditing capabilities, have responded to the demand for certification in the sustainability market.

1. IFOAM Organics Europe, Research Institute on Organic Agriculture, 2020.

About FoodChain ID

More than 30,000 companies across the global supply chain trust FoodChain ID as their trusted partner to navigate the increasingly regulated food economy with greater transparency, security and sustainability. Providing clients with technology solutions supported by the industry's most comprehensive data and knowledgeable experts, FoodChain ID is an essential source of timely and accurate information and expertise. Services include product development and regulatory compliance applications, as well as product certification, food safety and testing solutions. For more information, visit www.foodchainid.com.

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